The Importance and Place of Insurance o of Dangerous Goods (Hazardous material) in International Conventions

The international framework for regulating transport or handling of dangerous goods is set out by the international organizations such as the international Maritime Organization (IMO), an agency of the United Nations, in the International Maritime Dangerous Goods Code (IMDG).The deportment and handling of dangerous goods is a comprehensively regulated field and the legal provisions are subject to regular changes and amendments. There are international conventions and agreements in this field. Some of them apply to international carriage, some to domestic carriage as well. The carriage of dangerous goods has also been the subject of comprehensive regional legislation like that of the European Union. In accordance with the principles of the Basel Convention International and national legislations which elaborate liability systems for hazardous substances generally do not set up a refined system of risk assessment. For the potentially liable party, a limitation of liability provides protection against the consequences of accidents. The Convention also regulates the import and the export of certain hazardous chemicals and pesticides. Despite the serious concern of the international maritime community with the increased dimensions of the risks posed by the maritime transportation of danger ous cargoes, regulatory efforts remained limited to the formulation and adoption of technical safety rules and standards.

Keywords:

The international Conventions , Insurance , Dangerous good , Transportation liability , pollution